Our Stock Talk section is reserved for productive dialogue pertaining to the content and portfolio recommendations of this service. We reserve the right to
remove any comments we feel do not benefit other readers. If you have a personal question about your subscription or need technical help, please
contact our customer service team. If you have any success stories to share with our analysts, they’re always happy
to hear them. Note that we may use your kind words in our promotional materials. Thank you.
Investing Daily
If you have questions or comments about the new format ofThe Energy Strategist please let us know here.
Any thoughts on the Venezuela Instability and oil?
Robert Rapier
Venezuela is really a train wreck. I have written a number of articles over the years detailing the problems that the Chavez government was setting up by siphoning off money from the oil industry. The oil industry is capital intensive in the best case, but their heavy oil is especially expensive to produce. With oil prices down from a few years ago, they are suffering from not having invested back in the industry and receiving low returns for their efforts.
Venezuela was the 10th leading oil producer in the world in 2015, but despite having the world’s largest reserves (technically, but not really because the heavy oil isn’t economical to produce at today’s price), oil production there continues to decline. As you note, the whole situation is exacerbating instability there, in a country that produces more oil than Mexico, Brazil, or Nigeria. As conditions there worsen, it definitely poses a significant supply risk to the global oil market.
What happened to the “best buy” ratings? Bring them back, please.
Robert Rapier
We lost those when we migrated to the new format, but I have asked if we can put them back in the table. The previous list is still in effect, but I was planning on generating a new list for the 2nd half of the year. The list for the first half of the year can be found here: https://www.investingdaily.com/energy-strategist/articles/29959/cheaper-by-the-dozen/
Stock Talk
Investing Daily
If you have questions or comments about the new format ofThe Energy Strategist please let us know here.
You must be logged in to post to Stock Talk OR create an account
Peter
What happened to the chat which took place each second Tuesday? Will it take place today?
Robert Rapier
It’s going to be delayed by a week this month; then back to a normal schedule starting next month.
You must be logged in to post to Stock Talk OR create an account
You must be logged in to post to Stock Talk OR create an account
Reclar
Any thoughts on the Venezuela Instability and oil?
Robert Rapier
Venezuela is really a train wreck. I have written a number of articles over the years detailing the problems that the Chavez government was setting up by siphoning off money from the oil industry. The oil industry is capital intensive in the best case, but their heavy oil is especially expensive to produce. With oil prices down from a few years ago, they are suffering from not having invested back in the industry and receiving low returns for their efforts.
Venezuela was the 10th leading oil producer in the world in 2015, but despite having the world’s largest reserves (technically, but not really because the heavy oil isn’t economical to produce at today’s price), oil production there continues to decline. As you note, the whole situation is exacerbating instability there, in a country that produces more oil than Mexico, Brazil, or Nigeria. As conditions there worsen, it definitely poses a significant supply risk to the global oil market.
You must be logged in to post to Stock Talk OR create an account
You must be logged in to post to Stock Talk OR create an account
Peter
What happened to the “best buy” ratings? Bring them back, please.
Robert Rapier
We lost those when we migrated to the new format, but I have asked if we can put them back in the table. The previous list is still in effect, but I was planning on generating a new list for the 2nd half of the year. The list for the first half of the year can be found here: https://www.investingdaily.com/energy-strategist/articles/29959/cheaper-by-the-dozen/
You must be logged in to post to Stock Talk OR create an account
You must be logged in to post to Stock Talk OR create an account
Add New Comments
You must be logged in to post to Stock Talk OR create an account